HC Deb 26 November 1987 vol 123 cc297-8W
60. Mr. Henderson

To ask the Chancellor of the Exchequer what further privatisation measures he now plans for the current year.

Mr. Norman Lamont

No further privatisations are planned before the end of 1987.

75. Mr. Morgan

To ask the Chancellor of the Exchequer which will be the next industry in the public sector to be privatised; whether the Bank of England will offer a buy-back option to the underwriters, sub-underwriters or investors; and whether the privatised company will be debarred from acquiring smaller companies in the same British industrial sector for any period of time after privatisation.

Mr. Norman Lamont

No decisions have yet been taken on the next privatisation. We do not anticipate that there will be buy-back arrangements in future privatisations.

77. Mr. Martlew

To ask the Chancellor of the Exchequer what is his latest estimate of the receipts from the privatisation programme in 1987–88 and 1988–89.

Mr. Simon Hughes

To ask the Chancellor of the Exchequer whether, in the light of recent events, he has revised his estimates of privatisation proceeds to the Exchequer over the next few years; and if he will make a statement.

Mr. Norman Lamont

My right hon. Friend the Chancellor indicated in his Autumn Statement that central estimates of privatisation proceeds were £5 billion per annum for 1987–88; 1988–89 and 1989–90. These estimates are subject to the extent of take-up of the Bank of England's BP share purchase arrangements.